Hello Edurk, it's quite simple what's happening. The gap from a few days ago was filled and after that the stock went steadily up again. IMHO that means that the TA guys should be quite happy. First, the gap 'needed' to be filled to confirm and corroborate the standard TA-expectations. Second, the steady rise shows that there are quite some bullish expectations for the next few days/weeks/months. If there weren't, there would have been a huge sell off.
I don't know that much about TA so feel free to add or correct, anyone of you.
But I have been spending the last couple of nights (including this night as you can clearly see) to find out how real these Chinaese and Indian business opportunities are. I'm confident that CCTC is facing a bright future, but I wanted to know more about both the Chinese and the Indian coal situation.
Apparently, China has been planning to review coal fuelled power plants since they produce over 70% of China's electricity. That is a huge figure. It confirms my opinion about China's need to optimize coal fuelled plant in stead of changing to another main fuel. That would imply completely new facilities while clean coal technology as merely an extra element to an existing economy.
The current situation is begging for clean coal technology and the US have announced there will be cooperation with China to improve coal fuelled plants by means of clean coal technology.
As if this would not be enough to encourage investors, CCTC has just now released two PR's about China and India.
I haven't researched India yet, but I expect a similar situation, similar demands and obviously similar opportunities for CCTC.
I was going to add the PR's but I see they've been posted already. I'm obviously not the only one spending some extra time to find out more... :)
And now I'm off to bed.
